Winthrop Advisory Group LLC Makes New $12.54 Million Investment in Park Aerospace Corp. $PKE

Winthrop Advisory Group LLC bought a new position in Park Aerospace Corp. (NYSE:PKE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 422,273 shares of the semiconductor company’s stock, valued at approximately $12,537,000. Park Aerospace accounts for about 0.8% of Winthrop Advisory Group LLC’s holdings, making the stock its 26th largest holding. Winthrop Advisory Group LLC owned about 1.92% of Park Aerospace as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Park Aerospace in the 2nd quarter worth about $55,207,000. Renaissance Technologies LLC boosted its position in Park Aerospace by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 859,097 shares of the semiconductor company’s stock worth $23,522,000 after acquiring an additional 19,057 shares during the period. Stephens Investment Management Group LLC purchased a new position in Park Aerospace during the 1st quarter valued at about $14,926,000. Sei Investments Co. grew its stake in Park Aerospace by 116.2% during the 1st quarter. Sei Investments Co. now owns 263,034 shares of the semiconductor company’s stock valued at $7,202,000 after acquiring an additional 141,359 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Park Aerospace in the 2nd quarter valued at about $7,639,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Insider Buying and Selling at Park Aerospace

In related news, insider Constantine Petropoulos sold 2,500 shares of Park Aerospace stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the sale, the insider owned 2,500 shares of the company’s stock, valued at approximately $90,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.10% of the company’s stock.

Park Aerospace Price Performance

NYSE:PKE traded up $0.11 during mid-day trading on Friday, reaching $25.69. The stock had a trading volume of 259,958 shares, compared to its average volume of 320,970. The business’s 50 day moving average is $30.32 and its 200 day moving average is $32.84. Park Aerospace Corp. has a fifty-two week low of $18.25 and a fifty-two week high of $39.86. The stock has a market cap of $566.02 million, a P/E ratio of 35.68 and a beta of 0.39.

Park Aerospace (NYSE:PKE) last posted its earnings results on Thursday, October 8th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $20.79 million during the quarter, compared to analysts’ expectations of $20.01 million. Park Aerospace had a net margin of 18.42% and a return on equity of 11.21%.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.1250 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Park Aerospace’s dividend payout ratio (DPR) is currently 69.44%.

Analyst Ratings Changes

A number of brokerages recently commented on PKE. Citigroup reaffirmed a “market outperform” rating on shares of Park Aerospace in a research report on Monday, October 19th. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Park Aerospace in a research note on Friday, October 9th. Citizens Jmp restated a “market outperform” rating and set a $42.00 price target on shares of Park Aerospace in a report on Friday, October 9th. Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Wall Street Zen lowered Park Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $42.50.

Park Aerospace Company Profile

Park Aerospace Corp. (NYSE:PKE) develops and manufactures advanced composite materials and composite structures primarily for the aerospace industry. Its products are used in commercial aircraft, military aircraft, unmanned aerial vehicles, and other demanding aerospace applications where lightweight construction, strength, and durability are important.

The company’s offerings include carbon-fiber and other composite prepregs, specialized reinforcement materials, honeycomb core materials, film adhesives, and related composite-material systems.